6 Mar 2023
Aimia Inc. to acquire shares of Bozzetto from Chequers Capital for $328 million
Aimia Inc. has confirmed a definitive agreement to acquire the majority of shares of the Bozzetto Group, a prominent ESG-focused specialty chemical provider, from Chequers Capital and other minority shareholders for an enterprise value of approximately $328 million (444,061,160.00 CAD). Bozzetto, headquartered in Italy, specializes in over 2,000 proprietary chemicals, primarily serving the textile, water solutions, and dispersion sectors. The company operates six global manufacturing facilities, serving customers in over 90 countries. Under Aimia's direction, Bozzetto plans significant expansion into the Americas and Asia. Paladin Private Equity, LLC will partner with Aimia in this transaction, with Paladin team members joining the Bozzetto board. Aimia's CEO, Phil Mittleman, lauds Bozzetto's resilience despite industry challenges and anticipates further growth through strategic acquisitions. Bozzetto's CEO, Roberto Curreri, celebrates the company's evolution and potential growth in the American market. Both Aimia and Paladin see this acquisition as an opportunity to further Bozzetto's ESG initiatives and market expansion.